Mexico’s GDP posted its sharpest fall on record in the second quarter amid rising Coronavirus death toll across the Latin American country.
GDP fell 17.1% in April to June, from the previous 3-month period in seasonally adjusted terms.
In annual terms, the economy contracted 18.7% in the second quarter compared to a year earlier.
Mexico, with the world’s third-highest fatalities from COVID-19, crossed the 60,000-mark for deaths last week.
Latin America’s second-largest economy is struggling to contain the outbreak of COVID-19, which continues to spread despite government efforts to clamp down.
